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Unconsolidated Affiliate Unconsolidated Affiliate (Tables)
12 Months Ended
Dec. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]  
Summary of financial information of equity method investee
The following summary lists ART's assets, liabilities and results of operations.
 
December 31,
(In millions)
2015
 
2014
Summary of Balance Sheet information:
 
 
 
Current assets
$
244.2

 
$
216.9

Noncurrent assets
69.7

 
59.3

Total assets
$
313.9

 
$
276.2

 
 
 
 
Current liabilities
$
111.3

 
$
54.7

Total liabilities
$
111.3

 
$
54.7

 
Year Ended December 31,
(In millions)
2015
 
2014
 
2013
Summary of Statement of Operations information:
 
 
 
 
 
Net sales
$
415.7

 
$
409.9

 
$
370.4

Costs and expenses applicable to net sales
367.2

 
358.1

 
311.2

Income before income taxes
42.6

 
41.2

 
46.6

Net income
40.9

 
39.7

 
45.6

Summary of related party transactions
The table below presents summary financial data related to transactions between Grace and ART.
 
Year Ended December 31,
(In millions)
2015
 
2014
 
2013
Grace sales of catalysts to ART
$
258.9

 
$
266.4

 
$
232.0

Charges for fixed costs, research and development and selling, general and administrative services to ART
23.4

 
26.9

 
28.8